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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Elemental RP1 sports car (2014): first pictures of Britain’s newest track car

By Jonny Edge First Official Pictures 23 June 2014 15:58 The frighteningly lightweight Elemental RP1 emerged fully for the first time today, ahead of its public debut at this week’s Goodwood Festival of Speed 2014. At its heart, the 450kg RP1 has a unique carbon-composite tub based on the designs of contemporary race cars. The driver will sit 'feet up', allowing for greater underfloor downforce, which goes some way to explaining how the car achieves a quoted 200kg of downforce at 100mph.

Chrysler to fight Ford compact van with Fiat Doblo

Chrysler Group's new Ram brand will sell a version of the new Fiat Doblo compact van in the United States. The Fiat-sourced Ram van will go up against Ford Motor Co.'s Transit Connect, which Ford started selling in the U.S. in July.